The invention provides a solid golf ball comprising a solid core and a cover, a wound golf ball comprising a solid center, thread rubber and a cover, or a one-piece golf ball. The solid core, the solid center or the one-piece golf ball is formed mainly of a heated mixture of (A) a thermoplastic polyether ester elastomer having a Shore D hardness of 25-60, a tan &dgr; value of 0.01-0.15 in the temperature range of −10° C. to 20° C. as determined by viscoelasticity measurement, and a Tg≦−20° C. and (B) an olefin elastomer, modified olefin elastomer, styrene-conjugated diene block copolymer or hydrogenated or modified styrene-conjugated diene block copolymer having a JIS A hardness of 20-80. The golf ball is unsusceptible to compression set and plastic deformation and has a high resilience, pleasant feel and increased distance.